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Tag: Congress

Pentagon sends Space Force proposal to Congress

Pentagon sends Space Force proposal to Congress

Business
March 1 (UPI) -- Proposed legislation to form a Space Force, a sixth branch of the U.S. Armed Forces, was sent to Congress, the Defense Department announced on Friday. The legislation follows a directive in February from President Donald Trump. If approved, it would make a Space Force equal in status to the Army, Navy, Marine Corps, Air Force and Coast Guard, and the first new service branch since the Air Force was established in 1947. The proposal calls for $ 50 million to establish the branch, with headquarters in the Pentagon, and an eventual budget of about $ 500 million. That figure amounts to 0.07 percent of the annual Defense Department budget. It also calls for establishment of the Space Force within the Air Force, with a four-star Chief of Staff in charge, who would have a seat ...
Social Security expansion bill poised to gain traction in Congress

Social Security expansion bill poised to gain traction in Congress

Finance
As Social Security's funding problems loom ever closer on the horizon, the program has emerged as a pet project on many lawmakers' fix-it list. Now in control of the House, Democrats have thrown their weight behind a measure that would extend and expand the program — largely by asking high earners to pony up, along with a gradual increase in the Social Security tax rate that applies to workers' income. "Democrats have agreed that we should expand, not cut, Social Security and have the wealthy pay their share," said Nancy Altman, president of advocacy group Social Security Works. ...